Dave Stock Has Doubled in the Past Year and Has Tantalizing Growth in Revenue, Earnings, and Cash Flow
Dave Stock Has Doubled in the Past Year and Has Tantalizing Growth in Revenue, Earnings, and Cash Flow.
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Dave (DAVE) is rated a "Strong Buy" by 11 Wall Street analysts, driven by robust revenue, earnings, and cash flow growth.
The stock maintains a 100% "Buy" technical opinion from Barchart.
Despite high short interest (19.38%) and Morningstar's view of 35% overvaluation, I prioritize strong fundamentals and analyst consensus.
Valued at $5.6 billion, Dave (DAVE) provides various financial products and services through its platform in the United States.
I found today's Chart of the Day by using Barchart's powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction, Weighted Alpha above 50+ and a 60-Month Beta over 1.5. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. DAVE checks those boxes. The Trend Seeker issued a new "Buy" signal on April 15. Since then, the stock has gained 91.92%.
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Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
The stock recently traded at $446.12 with a 50-day moving average of $310.66.
DAVE has made 12 new highs and gained 41.50% over the past month.
Revenue is projected to grow 29.03% this year and another 20.33% next year.
Earnings are estimated to increase 25.96% this year and an additional 26.88% next year.
The Wall Street analysts followed by Barchart give the stock 11 "Strong Buy," 1 "Moderate Buy" and 1 "Hold" opinion with price targets between $260 and $485.
Morningstar thinks the stock is 35% overvalued with a fair value of $326.21.
15,080 investors are following the stock on Seeking Alpha, which rates it a "Strong Buy."
Short interest is a high 19.38% of the float with 3.96 days to cover the float.
